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CEBS publishes its report mapping supervisory objectives and powers across EU Member States

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Am I alone in thinking that there is something not quite in the real world about these ongoing announcements from CEBS?

(there is no point in reading this if you don't know what CEBS is!)

Anyway, here we have CEBS yet again setting out or "mapping" (how I hate that word, when it doesn't refer mountains or lochs); objectives & powers, processes & targets for itself ....

 

 

 

March 2009

 

Am I alone in thinking that there is something not quite in the real world about these ongoing announcements from CEBS (there is no point in reading this if you don't know what CEBS is! so do something else!) anyway, here we have CEBS yet again setting out or "mapping" (how I hate that word, when it doesn't refer mountains or lochs); CEBS pontificating about objectives and powers etc, yet again, when we know the Delarosiere report has basically said that CEBS along with the other Lamafussy institutions need to listen to the hit single "rip it up and start again" (see Asymptotix blogs related), ...

lamfalussy

De La Rosiere

so what is the point?

What does a compliance officer in Dublin or Prague or Milan, do with this latest publication? I am befuddled, I'm sure others are and this is right at the moment when banking as a profession and society generally needs clarity from its supervisory agents of government, its not the best, this, not the best at all! Announcement url below;-

 http://www.c-ebs.org/News--Communications/Latest-news/CEBS-publishes-its-report-mapping-supervisory-obje.aspx

old CEBS site link above (doesn't work) new EBA link below does 

http://www.eba.europa.eu/News--Communications/Year/2009/CEBS-publishes-its-report-mapping-supervisory-obje.aspx

 

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